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Trade Sanctions Against Russia: Stylized Facts

Author

Listed:
  • Egorov, Konstantin
  • Korovkin, Vasily
  • Makarin, Alexey
  • Nigmatulina, Dzhamilya

Abstract

Using a novel comprehensive dataset on sanctions imposed on the exports to Russia after 2022, we document four stylized facts. First, these sanctions covered 33% of Russia’s pre-2022 imports in value. Second, though most of the sanctions were concentrated in a few high-tech product categories, at least as much import within these categories remained unsanctioned. Third, substantial variation exists in the specific sets of banned products across countries, despite coordinating efforts. Fourth, most sanctioning countries have already prohibited most of their pre-2022 exports to Russia, limiting their future ability to impose additional trade sanctions.

Suggested Citation

  • Egorov, Konstantin & Korovkin, Vasily & Makarin, Alexey & Nigmatulina, Dzhamilya, 2025. "Trade Sanctions Against Russia: Stylized Facts," CEPR Discussion Papers 20192, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:20192
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    File URL: https://cepr.org/publications/DP20192
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    More about this item

    Keywords

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    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • P00 - Political Economy and Comparative Economic Systems - - General - - - General
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

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